Investment manager convicted of bribery
Print Edition
AN economic zone investment manager has been given a three-year jail term with a four-year suspension for abuse of power and taking a bribe, said prosecutors yesterday.
According to Qingpu District Procuratorate, the man, surnamed Niu, was in charge of attracting investors for the district’s Tianzhu Economic Zone.
In 2009, Niu helped transfer a 2.2 million yuan (US$33,462) government subsidy to the personal account of Haoqin Company’s legal representative, Ji Jun, who in turn transferred 680,000 yuan into Niu’s bank account.
As the economic zone investment department manager, Niu had been in contact with the Haoqin Company since 2004 and had a strong personal relationship with the company’s accountant, surnamed Guo, said the procuratorate.
In 2008, the company was due to receive a 2.2 million yuan subsidy from the district government for its dividend tax contribution. According to the procuratorate, Guo told Niu that the company’s lawyer Ji Jun offered to give Niu a commission if he helped transfer the subsidy into his personal account instead of the company’s account.
Acting on Niu’s suggestion, Guo forged a shareholder decision file that Niu showed to the economic zone accountant before the subsidy was transferred to Ji in November 2009. Ji then transferred the 680,000-yuan commission as promised.
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